Arsenio is 57 years old. He is married and has three children. With his family's support and encouragement, he has been managing his farming business well. He plants and harvests rice for future selling to the traders in the village. He has been cultivating his one-hectare rice field for 15 years. Arsenio is not yet an expert in this kind of work and needs to improve his farming practices. He is now asking for a loan of PHP 25,000 to buy pesticides and insecticides used in farming. According to him, rice farming depends upon the climate and on how to manage the rice field well.
In the future, Arsenio aims to provide a better living for his family.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.